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Crypto Stays Shaky After SEC Crackdown Led to Weekend Selloff
Cryptocurrencies resumed losses Monday, though staying above their weekend lows, as last week’s regulatory crackdown by the US Securities and Exchange Commission weighed on sentiment. Bitcoin dropped 1.2% to $25,827 as of 9:42 a.m. in New York after slipping as much as 3.9% on Saturday. Polygon’s MATIC slid 2% and Chainlink’s LINK dropped 1.6%. Both MATIC and LINK had slumped more than 10% Saturday. The SEC launched lawsuits last week against market leaders Binance Holdings Ltd. and Coinbase Global Inc., and flagged a number of altcoins as unregistered securities, including MATIC, Solana’s SOL and Cardano’s ... (full story)